National Bankshares Lowers Canadian Tire (TSE:CTC.A) Price Target to C$190.00

Key Points

• National Bankshares has reduced its target price for Canadian Tire from C$204.00 to C$190.00, maintaining a "sector perform" rating and implying an 18.40% potential upside from the current price.
• The stock is currently priced at C$160.47, down C$4.94 during trading, with a market cap of C$8.38 billion and a PE ratio of 23.43.
• Analysts' ratings show mixed opinions, with one sell rating, four hold ratings, and two buy ratings, resulting in a consensus rating of "Hold" and an average target price of C$173.22.

Canadian Tire (TSE:CTC.A - Free Report) had its target price reduced by National Bankshares from C$204.00 to C$190.00 in a research note released on Friday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts also recently commented on the company. Desjardins lifted their price objective on Canadian Tire from C$175.00 to C$195.00 and gave the stock a "buy" rating in a report on Tuesday, August 5th. TD Securities lifted their price objective on Canadian Tire from C$181.00 to C$201.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Jefferies Financial Group lifted their price objective on Canadian Tire from C$140.00 to C$164.00 in a report on Friday, May 9th. Finally, BMO Capital Markets lifted their price objective on Canadian Tire from C$170.00 to C$175.00 in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$173.22.

Canadian Tire Trading Down 0.1%

Shares of CTC.A traded down C$0.14 during trading hours on Friday, hitting C$163.75. The company had a trading volume of 17,068 shares, compared to its average volume of 305,469. The firm has a market cap of C$8.55 billion, a P/E ratio of 23.91, a P/E/G ratio of 0.35 and a beta of 1.33. The stock's 50 day moving average price is C$183.10 and its 200 day moving average price is C$163.40. The company has a quick ratio of 1.15, a current ratio of 1.79 and a debt-to-equity ratio of 173.58. Canadian Tire has a 52-week low of C$139.50 and a 52-week high of C$194.39.

Insider Buying and Selling

In other Canadian Tire news, Director Steve Frazier purchased 450 shares of the stock in a transaction on Monday, June 9th. The stock was acquired at an average price of C$178.77 per share, with a total value of C$80,447.09. 1.90% of the stock is owned by insiders.

About Canadian Tire

Canadian Tire Corporation, Limited, TSX: CTC.A TSX: CTC or 'CTC', is a group of companies that includes a Retail segment, a Financial Services division and CT REIT. Our retail business is led by Canadian Tire, which was founded in 1922 and provides Canadians with products for life in Canada across its Living, Playing, Fixing, Automotive and Seasonal & Gardening divisions.